Half a billion pound lockdown blow for Primark - What the analysts say

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The forced store closures as a result of the current lockdown have left Primark estimating a GBP540m (US$737m) loss of sales for the 16 weeks to 2 January. If stores remain closed into February, the retailer warns of a potential loss of sales amounting to GBP1.05bn. Despite this, Primark is continuing with its store opening programme. Analysts offer mixed thoughts on the trading update.